How do I file taxes as a Canadian resident working for a US company with no tax forms?

You're dealing with what's called self-employment income since you're working as a consultant. Here's what you need to do: For Canadian taxes, you'll need to report this income on your T1 General return, specifically on Form T2125 (Statement of Business or Professional Activities). Since you don't have a T4, you'll need to calculate your income based on those wire transfer receipts. Convert the USD amounts to CAD using the Bank of Canada annual exchange rate for 2023. You'll also be able to deduct legitimate business expenses that were needed to earn that income - things like a portion of your home office expenses, internet, computer equipment, etc. Keep all receipts and documentation! For US taxes, as a Canadian resident with no US citizenship or green card, you likely don't need to file a US tax return since you're performing the work in Canada. The company should have been issuing you a 1099-NEC form, but even without it, you generally wouldn't need to file in the US. I strongly recommend using accounting software like SimpleTax (now Wealthsimple Tax) to help you through this process, especially for calculating self-employment taxes in Canada, which include CPP contributions.

After dealing with a similar situation last year, I found taxr.ai (https://taxr.ai) super helpful for organizing all my foreign income documentation. I was working remotely for a UK company while living in Canada, and my situation was a mess with no clear documentation. The tool helped me analyze all my bank statements and create proper documentation that satisfied both my accountant and CRA requirements. I uploaded my bank statements showing the wire transfers, and it organized everything into a format that made sense for tax filing. It also helped me track my business expenses and figure out what was deductible for my home office situation.

I tried taxr.ai after seeing it mentioned here and wow - what a lifesaver for my cross-border tax situation! I uploaded all my bank statements and PayPal history, and it organized everything perfectly. The currency conversion feature saved me hours of calculations, and the expense categorization helped me identify deductions I would have missed. What really impressed me was how it formatted everything for both Canadian and US tax requirements. I was able to download reports specifically designed for each country's tax forms. My accountant was shocked at how organized everything was compared to my usual tax mess! Definitely recommend it to anyone dealing with foreign income without proper tax documentation. Saved me a ton of stress and probably money too from the additional deductions it helped me identify.

If you're still having trouble getting through to an accountant, you might want to try Claimyr (https://claimyr.com) to get direct help from CRA. I was in a similar situation last year - self-employed with US clients and no idea how to file properly. After weeks of trying to get through to CRA for guidance, I found Claimyr and they got me connected to a CRA agent in under 20 minutes when I'd been trying for days on my own. The agent walked me through exactly what forms I needed and how to report my income properly. You can see how it works in this video: https://youtu.be/_kiP6q8DX5c The CRA agent I spoke with was actually really helpful and didn't make me feel stupid for not knowing how to handle my situation. They even flagged my account with notes about my unique circumstances to help prevent issues during processing.

So I was totally skeptical about Claimyr but decided to try it out of desperation when I couldn't reach CRA about my US income situation. I'm not exaggerating when I say it ACTUALLY WORKED. Got connected to a CRA agent in about 35 minutes after spending 3 days trying on my own with no success. The agent walked me through exactly how to report my US consulting income without proper tax forms, which forms I needed to include with my return, and how to properly claim home office expenses. They even gave me their direct extension for follow-up questions! For anyone else struggling with cross-border income issues and needing guidance directly from CRA - this is legitimately the only way I've found to get through during tax season. Completely worth it for the peace of mind knowing I'm filing correctly.

I've been in this exact situation for years (Canadian working for US companies remotely). Here's what I've learned: 1. You're considered self-employed in Canada, so you'll file a T2125 form with your regular T1 return 2. Keep track of ALL business expenses - home office (measured by square footage %), internet, computer equipment, software subscriptions 3. You need to charge/collect HST if your income exceeds $30,000 in any 12-month period 4. For US taxes, as a Canadian resident with no US citizenship/green card, you typically DON'T need to file unless you physically worked in the US I use QuickBooks Self-Employed to track everything throughout the year - makes tax time so much easier. The app lets you categorize expenses, track mileage, and generate reports for tax filing.

Has anyone used TurboTax Self-Employed for this kind of situation? I'm in almost the exact same boat (working for a US startup while living in BC) and wondering if the software can handle this or if I need something more specialized.